SunSirs: Soda Ash Market Prices in Some Regions of China on January 22nd

On January 22nd, the benchmark price of light soda ash, according to SunSirs, was 1,208.00 RMB/ton, a decrease of 3.36% compared to the beginning of the month (1,250.00 RMB/ton); the benchmark price of heavy soda ash, according to SunSirs, was 1,202.86 RMB/ton, a decrease of 1.86% compared to the beginning of the month (1,225.71 RMB/ton).

On January 22nd, the soda ash prices in North China were quoted as follows: light soda ash was mainly traded at around 1,180-1,250 RMB/ton, a decrease of 30 RMB/ton compared to January 4th; heavy soda ash was mainly traded at around 1,220-1,300 RMB/ton. The soda ash market had high inventory levels and limited downstream demand. Transactions were mainly conducted through negotiation, and companies were experiencing moderate sales. In the short term, the soda ash market in North China is expected to remain stable with a wait-and-see approach.

On January 22nd, the soda ash prices in East China were quoted as follows: light soda ash was mainly priced at around 1,120-1,560 RMB/ton, a decrease of 20-40 RMB/ton compared to January 4th; heavy soda ash was mainly priced at around 1,170-1,300 RMB/ton, a decrease of 30 RMB/ton compared to January 4th. The soda ash market had relatively high inventory levels, and downstream buyers were purchasing on a need-to-basis. The trading atmosphere was fair, and market participants were adopting a wait-and-see attitude. In the short term, the soda ash market in East China is expected to remain stable.

On January 22nd, the soda ash prices in Central China were quoted as follows: light soda ash main market price was around 1,120-1,180 RMB/ton, a decrease of 20-40 RMB/ton compared to January 4th; heavy soda ash main market price was around 1,200-1,300 RMB/ton, a decrease of 100 RMB/ton compared to January 4th. Downstream demand for soda ash remained relatively stable, and market transactions were fair. Factory quotations remained stable, but inventory pressure on the supply side persisted. Industry participants had a neutral outlook, and the Central China soda ash market is expected to remain in a wait-and-see mode in the short term.

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